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20130101
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CSPAN 2
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CSPAN
Dec 29, 2012 7:00pm EST
laurie montgomery this morning for the update on the fiscal cliff negotiations. >> tell us, what kind of a deal the president offered and what is new in the negotiations among the senators and between the senators and the white house? >> there does not appear to be anything new. the policy they are talking about are the same public -- policies that have been on the table for weeks. what is new is they seem to have finally agreed they will move forward with something. there is no guarantee that the republican leader and democratic leader will be able to put together an agreement. but they are now saying they will try to do it. they are working together and amy towards a vote sunday are monday. >> what is the scuttlebutt among the rank-and-file senators about whether or not they're going to be able to pull this off before the end of the weekend? >> it happened so late, and it was really difficult -- i do not believe anyone has been briefed. there is an absolute lack of information among the people who are actually going to have to vote on this. house members are not in washington right
CSPAN
Dec 29, 2012 3:32pm EST
associate at the tax policy center. caller: thank you, good morning. mr. rosen berg, with the fiscal cliff blooming, do you believe the i.r.s. will be able to calibrate their system at this late of a date and would the debt ceiling debate blooming, could that delay federal refunds? thank you. guest: yes. the question about the i.r.s. is a good one and it is an important one. so it almost is certainly bound to complicate the filing season. i think already the i.r.s. has said that they are -- they have not released updated withholding tables for winner to. -- 2013. what that means is employers will use the withholding tables for federal income tax. but if a deal is made or no deal is made, that's going to have to change and at some point, employers will have to change their federal income tax withholding amount. i mentioned with the alternative minute 34u78 tax, that will -- minimum tax, that will complicate the season. i think the i.r.s. has said as many as 70 million tax filers could be subject to delays if the a.m.t. is not patched for 2012. host: antonio in nashville, tennessee. you're o
Search Results 0 to 1 of about 2